Established Laundromat & Pickup/Delivery Laundry Business for Sale

South Norfolk

Well-established laundromat and laundry pickup/delivery business located in a central Chesapeake location with a strong, long-term lease. The business features state-of-the-art, newer equipment that remains under warranty, a nicely built-out facility, several branded delivery vans, and an established pickup and delivery operation. Revenue is approximately split 50/50 between traditional laundromat services and pickup/delivery services, providing multiple revenue streams and significant opportunity for continued growth. The business is semi-absentee operated with an experienced manager and a strong team already in place. A simple, well-run business with modern equipment, an established customer base, and upside to grow both the laundromat and pickup/delivery sides of the operation.

Listing Number:

25677

Category:

Laundromat

Location:

South Norfolk
$1,299,000

Financial Information:

Gross Revenue:

$891,323

Listed Price:

$1,299,000

Down Payment:

$0

Total Income:

$220,308

Year Established:

2020

Lease Information:

Square Feet:

3850

Total Rent:

$5,639

Lease Expiration:

08/2031

Lease Options:

2 x 5 years

Asset Information:

Leasehold Improvements:

$246,283

Equipment / Fixtures:

$513,163

Inventory:

$1,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

7

Part-Time Employees:

3

Special Licence Required:

Vending

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Moving out of area

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

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Timothy Johnson
Office: (757) 866-2321| Cell:
License #:

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Established Laundromat & Pickup/Delivery Laundry Business for Sale
South Norfolk

Listing Number:

25677

Category:

Laundromat

Location:

South Norfolk

Listed Price:

$1,299,000
brokerPhoto
Timothy Johnson
Office: (757) 866-2321| Cell:
License #:
Well-established laundromat and laundry pickup/delivery business located in a central Chesapeake location with a strong, long-term lease. The business features state-of-the-art, newer equipment that remains under warranty, a nicely built-out facility, several branded delivery vans, and an established pickup and delivery operation. Revenue is approximately split 50/50 between traditional laundromat services and pickup/delivery services, providing multiple revenue streams and significant opportunity for continued growth. The business is semi-absentee operated with an experienced manager and a strong team already in place. A simple, well-run business with modern equipment, an established customer base, and upside to grow both the laundromat and pickup/delivery sides of the operation.

Financial Information

Gross Revenue:

$891,323

Listed Price:

$1,299,000

Down Payment:

$0

Total Income:

$220,308

Year Established:

2020

Lease Information

Square Feet:

3850

Total Rent:

$5,639

Lease Expiration:

08/2031

Lease Options:

2 x 5 years

Asset Information

Leasehold Improvements:

$246,283

Equipment / Fixtures:

$513,163

Inventory:

$1,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

7

Part-Time Employees:

3

Special License Required:

Vending

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Moving out of area

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.